Why is Sky Industries falling/rising?

As of 10-Jul, Sky Industries Ltd is currently priced at 101.01, reflecting an increase of 0.47 (0.47%). The stock has shown a positive trend recently, gaining 2.03% over the last two days, although it underperformed its sector by 0.31%. In terms of returns, the stock has increased by 1.77% over the past week and 7.46% over the past month. However, it has experienced a significant decline of 41.27% year-to-date and a 13.87% drop over the past year. Despite these declines, the company has demonstrated a 31.3% increase in profits over the past year, which, combined with a very attractive ROCE of 13.1 and a low PEG ratio of 0.4, suggests that the stock is undervalued compared to its peers.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week and a modest increase of 0.97% over the past month, indicating that Sky Industries has outperformed the benchmark in the short term. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. Additionally, the company has faced challenges with weak long-term fundamental strength, as evidenced by a low CAGR growth in net sales of 6.90% over the last five years and disappointing quarterly results. This combination of factors contributes to a mixed outlook for the stock, despite its recent gains.